Karatbars International Review – Legit or Gold Scam?

Looking for a Karatbars International Review? You’re in the right place. Today we are looking at Karatbars International and we are going to share our full review. If you’re wondering whether it’s a scam or a legit MLM company keep reading as we will reveal everything. Also we are not an affiliates for Karatbars International Review so you can expect and honest review and not just another sales pitch like other reviews do!

Karatbars International Review

Karatbars International is the latest MLM Company to jump on the pointless altcoin launch.

Concerning ICO, KaratBank Coin (KBC) is being sold for 1 cent to 5 cents. A total of 12 billion KBC tokens is there that will be created.

The affiliates of Karatbars International are needed to buy 1000 KBC at a time.

Unsurprisingly, CashGold payment cannot be accepted. Karatbars International cites they hope the KBC ICO will raise $72 million in ethereum, bitcoin, and fiat currency.

Your first main red-flag with the KaratBank Coin ICO is the list of restricted countries in addition to being attached to a pyramid scheme.

Who Can Join KaratBank ICO?

Citizens of USA, inhabitants (tax or otherwise) or green card holders and also Canadian residents, the Peoples Republic of China or the Republic of Singapore are not entitled to partake in the KaratBank ICO.

The USA includes the U.S. Virgin Islands, Puerto Rico, and any other possessions of the US.

In the US or Canada ICOs are not illegal. Though In the US ICOs is usually considered securities and need registration with the SEC.

It should be obvious why Karatbars International want nothing to do with US regulators.

Karatbars International was banned for being a pyramid scheme in 2016 in the country of Canada.

They have pretty strict ICO regulation too as for China.

Singapore hasn’t banned ICOs. But it is among the countries Karatbars International operates in via shell companies Karatbars Singapore and KaratPay.

The regulators of Singapore shutting those companies down would cripple Karatbars International. Management most likely thinks it is best not to take any chances.

It goes for KaratBank Coin in general. Karatbars International has particularly set up a shell company in Belize to sell KaratBank Coin through.

The KaratBank Foundation for Karatbars International is based in Belize that issues the KaratBank Coin is unregulated.

For an MLM company there is no lawful reason to build shell companies for the sole purpose of being “unregulated”.

The KaratBank Coins are associated to the CashGold. Everyone who has purchased KaratBank Coins can exchange them any time into CashGold.

However, note that 10,000 KaratBank Coins or several of it are needed for an exchange.

Every quantity of 10,000 KaratBank Coins enable to the delivery of 0.1g of CashGold. Hence, they are equally as stable as a direct investment in CashGold.

Except in our opinion they’re not…

Karatbars International – KaratBank Coin

The KaratBank Coin is a tentative coin. Even though the proceeds from KaratBank Coin sale shall mostly be used for the purchase of CashGold, the KaratBank Coin is not hooked to the bought CashGold.

You cannot exclude the money invested in the KaratBank Coin.

Any time KaratBank Coin can be transformed into CashGold vouchers. However, CashGold isn’t hooked to KaratBank Coin and in some way you can still lose all of your money.

Why is Karatbars International representing KaratBank Coin is the equivalent of a “direct investment in CashGold”, while it is not?

‘CashGold is designed like a bank note as per the KaratBank Coin whitepaper.

It can easily be utilized in day-to-day payment transactions. And, furthermore, the receipt of the CashGold as a payment means is naturally increased.

The same whitepaper then cites you should see that CashGold is not a currency.

Supposedly, the final answer is CashGold is something Karatbars International introduced that nobody outside of Karatbars International takes seriously.

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Karatbars International Compensation Plan

People are awarded who refer other potential investors to purchase KaratBank Coins with the KaratBank Referral Payment System.

The KaratBank Coin investment packages offered top out at €10,000 EUR:

invest €1000 EUR to receive 100,000 KBC

invest €5000 EUR to receive 500,000 KBC or

invest €10,000 EUR to receive 1,000,000 KBC

The package purchases looks like they are tied to affiliate membership of Karatbars International. The whitepaper of KaratBank Coin cites the €1000 EUR investment comes with 1 year “initial free membership length”.

The investment level of €5000 EUR comes with 2 years and the €10,000 EUR level 5 years.

A lawful ICO does not have yearly membership fees differentiating KaratBank Coin from a legitimate cryptocurrency further.

KaratBars International Review – Conclusion

KaratBank Coin is a try by KaratBars International to get in on the cryptocurrency publicity train.

KaratBank Coin is useless outside of Karatbars International. According to the company’s conflicting information, backed by nothing more than recently invested funds.

The entire Karatbars International voucher exchange thing exists solely to make the delusion that KBC has something to do with the value of gold.

Karatbars International offers a whole section in the KaratBank Coin whitepaper covering yearly returns in gold.

KaratBank Coin is identified as a security by this marketing, despite the company claiming otherwise.

The KaratBank Coin is a utility token that is not intended to constitute securities or financial instruments in any jurisdiction.

The marketing plan is linked to the value of gold going up in time, and trying to make it look like that KaratBank Coin is joined to made-up CashGold vouchers.

Karatbars International would have to register itself with the appropriate securities regulator in that jurisdiction to function lawfully in any jurisdiction.

However, the plan appears to be to avoid countries with strict securities laws. Again, in our opinion it isn’t something a legitimate MLM company would do.

How Karatbars International aims to deal with its US affiliates in relation to KaratBank Coin might be interesting to watch unfold.

Karatbars International visibly intends to get recent and former affiliates to invest in KaratBank Coin.

At present, over 480,000 customers from more than 120 countries have already purchased smallest gold bars from Karatbars GmbH, Stuttgart, Germany.

So, it is clear that with this customer basis, the KaratBank Coin will achieve a high market capitalization.

At the time of writing this article, Alexa peg the US as the largest source of traffic to the Karatbars International website (41%).

It is not clear how many of Karatbars International’s past and present 480,000 affiliates are from the US.

Though it is obvious that a company that chiefly counts residents of US as the bulk of visitors to its MLM opportunity website are attempting to run circles around regulation to cash in on an ICO launch.

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